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TRANSCAT INC

TRNS Clue Score51
United States Fiscal year ends March CIK 0000099302
$86.23 -0.20% Close, 9 Oct 2026
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Price $86.23 +23.49% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2017Revenue143.9Operating income7.9Net income4.5EPS, diluted0.64Fiscal year 2018Revenue155.1 +7.8%Operating income9.0Net income5.9 +31.0%EPS, diluted0.81 +26.6%Fiscal year 2019Revenue160.9 +3.7%Operating income10.2Net income7.1 +20.7%EPS, diluted0.95 +17.3%Fiscal year 2020Revenue173.1 +7.6%Operating income10.9Net income8.1 +12.9%EPS, diluted1.08 +13.7%Fiscal year 2021Revenue173.3 +0.1%Operating income11.1Net income7.8 −3.4%EPS, diluted1.03 −4.6%Fiscal year 2022Revenue205.0 +18.2%Operating income14.1Net income11.4 +46.1%EPS, diluted1.50 +45.6%Fiscal year 2023Revenue230.6 +12.5%Operating income16.2Net income10.7 −6.1%EPS, diluted1.40 −6.7%Fiscal year 2024Revenue259.5 +12.5%Operating income19.8Net income13.6 +27.7%EPS, diluted1.63 +16.4%Fiscal year 2025Revenue278.4 +7.3%Operating income17.9Net income14.5 +6.4%EPS, diluted1.57 −3.7%Fiscal year 2026Revenue331.9 +19.2%Operating income13.3Net income5.4 −63.0%EPS, diluted0.57 −63.7%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Revenue 143.9 155.1 160.9 173.1 173.3 205.0 230.6 259.5 278.4 331.9
Growth +7.8% +3.7% +7.6% +0.1% +18.2% +12.5% +12.5% +7.3% +19.2%
Operating income 7.9 9.0 10.2 10.9 11.1 14.1 16.2 19.8 17.9 13.3
Net income 4.5 5.9 7.1 8.1 7.8 11.4 10.7 13.6 14.5 5.4
Growth +31.0% +20.7% +12.9% −3.4% +46.1% −6.1% +27.7% +6.4% −63.0%
EPS, diluted 0.64 0.81 0.95 1.08 1.03 1.50 1.40 1.63 1.57 0.57
Growth +26.6% +17.3% +13.7% −4.6% +45.6% −6.7% +16.4% −3.7% −63.7%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2017Gross margin24.3%Operating margin5.5%Net margin3.1%Free cash flow margin1.6%Fiscal year 2018Gross margin24.1%Operating margin5.8%Net margin3.8%Free cash flow margin2.6%Fiscal year 2019Gross margin24.5%Operating margin6.4%Net margin4.4%Free cash flow margin3.5%Fiscal year 2020Gross margin24.5%Operating margin6.3%Net margin4.7%Free cash flow margin2.9%Fiscal year 2021Gross margin26.6%Operating margin6.4%Net margin4.5%Free cash flow margin9.8%Fiscal year 2022Gross margin28.5%Operating margin6.9%Net margin5.6%Free cash flow margin3.6%Fiscal year 2023Gross margin29.6%Operating margin7.0%Net margin4.6%Free cash flow margin3.3%Fiscal year 2024Gross margin32.3%Operating margin7.6%Net margin5.3%Free cash flow margin7.5%Fiscal year 2025Gross margin32.1%Operating margin6.4%Net margin5.2%Free cash flow margin9.3%Fiscal year 2026Gross margin32.6%Operating margin4.0%Net margin1.6%Free cash flow margin5.9%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Gross margin 24.3% 24.1% 24.5% 24.5% 26.6% 28.5% 29.6% 32.3% 32.1% 32.6%
Operating margin 5.5% 5.8% 6.4% 6.3% 6.4% 6.9% 7.0% 7.6% 6.4% 4.0%
Net margin 3.1% 3.8% 4.4% 4.7% 4.5% 5.6% 4.6% 5.3% 5.2% 1.6%
Free cash flow margin 1.6% 2.6% 3.5% 2.9% 9.8% 3.6% 3.3% 7.5% 9.3% 5.9%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2017Operating cash flow7.5Capital expenditure−5.3Free cash flow2.3Buybacks−0.1Fiscal year 2018Operating cash flow9.9Capital expenditure−5.9Free cash flow4.0 +74.0%Buybacks−0.4Fiscal year 2019Operating cash flow12.6Capital expenditure−7.0Free cash flow5.6 +39.4%Buybacks−0.1Fiscal year 2020Operating cash flow11.6Capital expenditure−6.6Free cash flow5.0 −10.4%Buybacks−2.8Fiscal year 2021Operating cash flow23.6Capital expenditure−6.6Free cash flow17.0 +241.7%Buybacks−3.0Fiscal year 2022Operating cash flow17.6Capital expenditure−10.2Free cash flow7.5 −56.1%Buybacks−6.7Fiscal year 2023Operating cash flow17.0Capital expenditure−9.4Free cash flow7.5 +1.0%Buybacks−0.4Fiscal year 2024Operating cash flow32.6Capital expenditure−13.3Free cash flow19.3 +156.5%Buybacks−4.9Fiscal year 2025Operating cash flow39.0Capital expenditure−13.2Free cash flow25.8 +33.4%Buybacks−3.6Fiscal year 2026Operating cash flow34.9Capital expenditure−15.3Free cash flow19.6 −24.2%Buybacks−0.5
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Operating cash flow 7.5 9.9 12.6 11.6 23.6 17.6 17.0 32.6 39.0 34.9
Capital expenditure −5.3 −5.9 −7.0 −6.6 −6.6 −10.2 −9.4 −13.3 −13.2 −15.3
Free cash flow 2.3 4.0 5.6 5.0 17.0 7.5 7.5 19.3 25.8 19.6
Growth +74.0% +39.4% −10.4% +241.7% −56.1% +1.0% +156.5% +33.4% −24.2%
Buybacks −0.1 −0.4 −0.1 −2.8 −3.0 −6.7 −0.4 −4.9 −3.6 −0.5

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2017Cash0.8Total debt27.3Net cash (debt)−26.5Shareholders’ equity43.4Debt to equity0.63Fiscal year 2018Cash0.6Total debt22.9Net cash (debt)−22.3Shareholders’ equity51.3Debt to equity0.45Fiscal year 2019Cash0.8Total debt21.0Net cash (debt)−20.2Shareholders’ equity59.6Debt to equity0.35Fiscal year 2020Cash0.5Total debt30.3Net cash (debt)−29.8Shareholders’ equity67.1Debt to equity0.45Fiscal year 2021Cash0.6Total debt19.6Net cash (debt)−19.0Shareholders’ equity75.1Debt to equity0.26Fiscal year 2022Cash1.4Total debt48.5Net cash (debt)−47.1Shareholders’ equity86.2Debt to equity0.56Fiscal year 2023Cash1.5Total debt49.1Net cash (debt)−47.6Shareholders’ equity99.6Debt to equity0.49Fiscal year 2024Cash19.6Total debt4.2Net cash (debt)15.5Shareholders’ equity225.2Debt to equity0.02Fiscal year 2025Cash1.5Total debt32.7Net cash (debt)−31.2Shareholders’ equity286.9Debt to equity0.11Fiscal year 2026Cash4.9Total debt99.9Net cash (debt)−94.9Shareholders’ equity300.6Debt to equity0.33
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Cash 0.8 0.6 0.8 0.5 0.6 1.4 1.5 19.6 1.5 4.9
Total debt 27.3 22.9 21.0 30.3 19.6 48.5 49.1 4.2 32.7 99.9
Net cash (debt) −26.5 −22.3 −20.2 −29.8 −19.0 −47.1 −47.6 15.5 −31.2 −94.9
Shareholders’ equity 43.4 51.3 59.6 67.1 75.1 86.2 99.6 225.2 286.9 300.6
Debt to equity 0.63 0.45 0.35 0.45 0.26 0.56 0.49 0.02 0.11 0.33

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2026 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending March, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2017 25 Mar 2017 FY2018 31 Mar 2018 FY2019 30 Mar 2019 FY2020 28 Mar 2020 FY2021 27 Mar 2021 FY2022 26 Mar 2022 FY2023 25 Mar 2023 FY2024 30 Mar 2024 FY2025 29 Mar 2025 FY2026 28 Mar 2026
Revenue and profit
143.9 155.1 160.9 173.1 173.3 205.0 230.6 259.5 278.4 331.9
Growth +7.8% +3.7% +7.6% +0.1% +18.2% +12.5% +12.5% +7.3% +19.2%
108.9 117.7 121.6 130.6 127.2 146.5 162.2 175.7 189.0 223.6
35.0 37.4 39.3 42.5 46.1 58.4 68.4 83.8 89.5 108.3
Growth +7.1% +5.1% +8.0% +8.6% +26.7% +17.0% +22.6% +6.7% +21.1%
10.5 11.9 12.2 13.6 17.3 23.6 27.3 35.3 38.2 52.3
7.9 9.0 10.2 10.9 11.1 14.1 16.2 19.8 17.9 13.3
Growth +13.8% +13.3% +6.1% +2.1% +27.7% +14.9% +21.7% −9.6% −25.8%
7.2 7.9 9.2 9.7 10.0 13.2 13.5 18.4 18.3 8.0
2.6 2.0 2.1 1.7 2.2 1.8 2.8 4.8 3.8 2.6
4.5 5.9 7.1 8.1 7.8 11.4 10.7 13.6 14.5 5.4
Growth +31.0% +20.7% +12.9% −3.4% +46.1% −6.1% +27.7% +6.4% −63.0%
Per share
0.65 0.83 0.99 1.10 1.05 1.52 1.42 1.66 1.58 0.58
0.64 0.81 0.95 1.08 1.03 1.50 1.40 1.63 1.57 0.57
Growth +26.6% +17.3% +13.7% −4.6% +45.6% −6.7% +16.4% −3.7% −63.7%
7.0 7.1 7.2 7.3 7.4 7.5 7.6 8.2 9.2 9.3
7.1 7.3 7.5 7.5 7.5 7.6 7.6 8.4 9.3 9.4
Growth +2.7% +2.9% −0.4% +0.8% +0.5% +0.7% +9.2% +10.8% +1.4%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 13.9% a year over five years, and earnings per share fell 11.2% a year.
  • The diluted share count rose 24.3% in five years, which is dilution.
  • Operating margin is down 2.4 points on five years ago, at 4.0%.
  • Profitable in every one of the 10 years on file.